It
was decided by the Government of India that interest rates on Small savings
Schemes will be linked to yields on government securities of comparable
maturity. In pursuance of that decision, the Government has decided to revise
the rates applicable on various small savings schemes as given in the table
below.
Scheme
|
Rate of interest
w.e.f.01.04.2014
|
Rate of Interest
w.e.f. 01.04.2015
|
1.
|
2.
|
3.
|
Savings Deposit
|
4.0
|
4.0
|
1 Year Time Deposit
|
8.4
|
8.4
|
2 Year Time Deposit
|
8.4
|
8.4
|
3 Year Time Deposit
|
8.4
|
8.4
|
5 Year Time Deposit
|
8.5
|
8.5
|
5 Year Recurring Deposit
|
8.4
|
8.4
|
5 Year SCSS
|
9.2
|
9.3
|
5 Year MIS
|
8.4
|
8.4
|
5 Year NSC
|
8.5
|
8.5
|
10 Year NSC
|
8.8
|
8.8
|
PPF
|
8.7
|
8.7
|
Kisan Vikas Patra
|
8.7
|
8.7
|
Sukanya Samriddhi Account Scheme
|
9.1
|
9.2
|
The
above rates will be effective from tomorrow i.e. 1.4.2015.
Thus
the rates on many of the small savings scheme have undergone an upwards
revision vis-à-vis 2014-15.
Source : PIB
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